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UK Freezes £25 Billion in Russian Assets Since Ukraine Invasion

  • Belgian Prime Minister Bart De Wever warned that seizing nearly €200 billion of frozen Russian assets would be 'an act of war' and could lead to geopolitical consequences for Europe.
  • De Wever expressed concerns that this action could lead to systemic risks to the entire financial world system and provoke retaliation from Moscow.
  • European nations, including France, the UK, and Spain, are considering utilizing frozen assets to support Ukraine's defense efforts.
  • Legal issues involving Euroclear, which manages the frozen assets, raise concerns about potential claims from asset holders if funds are transferred to Ukraine.
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In the US, a group of senators from both parties called on the administration of President Donald Trump to hand over more than $300 billion in confiscated Russian assets to help Ukraine. Until now, the White House has used interest from such frozen funds to help Kyiv. This was reported by RBC-Ukraine with reference to Reuters. Western journalists received a letter signed by Republican Senators Todd Young and Lindsey Graham, as well as Democrats …

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  • 56% of the sources lean Left
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Новое Время broke the news in Ukraine on Friday, March 21, 2025.
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